Weight Watchers to prepay $75.51 million B-2 term loans at discount

By Wendy Van Sickle

Columbus, Ohio, May 24 – Weight Watchers International, Inc. will spend $73.03 million plus interest to prepay $75.51 million of initial tranche B-2 term loans, according to a press release.

The company began an offer to prepay up to $75 million of initial tranche B-2 term loans at a discount to par on May 18. On Wednesday, it accepted offers with a discount of 3.28% or greater.

JPMorgan Chase Bank, NA is the administrative agent and an issuing bank. Bank of Nova Scotia is the revolving agent, swingline lender and an issuing bank.

Weight Watchers is a New York-based provider of weight management services.

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